A Brooklyn-based investment firm has acquired a fully leased Northeast Philadelphia office building for $21 million, according to public records. The 130,000-square-foot property, located at 13000 Townsend Road, is currently occupied by the U.S. Department of the Treasury’s Bureau of the Fiscal Service, which recently extended its lease for an additional five years through late 2029.

Stalwart Equities purchased the 10.5-acre site near Roosevelt Boulevard from Acore Capital, a Dallas-based firm that had owned the property since 1998, when it acquired it for $17 million. The listing was marketed with a 9.5% cap rate and an asking price of $21.8 million.

The building, known as the Philadelphia Financial Center, plays a key role in federal financial operations, including processing IRS refund disbursements and managing regional wire transfers. The Bureau of the Fiscal Service has occupied the facility since 2014.